The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Bionematicides Global Market Report 2024 offers crucial insights into the bionematicides market help businesses analyse and build stronger strategies.

Market Overview

• Strong Market Growth: The bio nematicides market has seen rapid expansion, growing from $0.41 billion in 2023 to $0.47 billion in 2024 at a CAGR of 14.4%.
• Future Projections: The market is expected to reach $0.81 billion by 2028, with a CAGR of 14.5%.

Historical Growth Drivers

• Environmental Awareness: Increased awareness of the environmental impacts of chemical pesticides has spurred the shift towards biological solutions.
• Microbial Technology: Advancements in microbial technology have facilitated the production of effective bionematicides.
• Regulatory Pressures: Bans on certain chemical nematicides have accelerated the market for biological alternatives.
• Consumer Demand: Rising consumer demand for organic produce has boosted market growth.

Future Growth Drivers

• Sustainable Farming: Increased adoption of sustainable farming practices is driving demand.
• Commercial Agriculture: The expansion of commercial agriculture in emerging markets has led to greater use of biological solutions.
• Collaborations: Collaborations between biotech companies and agricultural institutions are enhancing market growth.
• Biocontrol Agents: Integration of biocontrol agents into crop protection strategies.
• Soil Health: Heightened focus on soil health and microbiome management.

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Major Market Trends

• Eco-Friendly Solutions: Surge in demand for environmentally friendly solutions is prompting significant innovation in bio-based formulations.
• Biotechnology Integration: Increased biotechnology integration in product development.
• Preventive Management: Adoption of preventive nematode management strategies.
• Sustainable Practices: Growing emphasis on sustainable agricultural practices.

Rising Greenhouse Farming To Boost Market Growth

• Greenhouse Farming: Increasing adoption of greenhouse farming is expected to drive market growth.
• Crop Yields: Greenhouse farming enhances crop yields and ensures year-round production.
• Bionematicides Role: Provide a sustainable alternative to chemical nematicides in managing plant-parasitic nematodes (PPNs).
• Market Example: In October 2023, Canada saw a 5% rise in commercial greenhouse vegetable operations and a 7% increase in production compared to 2021.

Key Market Players

• Leading Companies: BASF SE, Bayer AG, Syngenta AG, Corteva Agriscience, UPL Limited, FMC Corporation, Adama Agricultural Solutions Ltd., Novozymes A/S, Nufarm Limited, Chr. Hansen Holding A/S, Brandt, Isagro S.p.A., Koppert Biological Systems, T. Stanes and Company Limited, Certis USA LLC, Valent BioSciences Corporation, Marrone Bio Innovations Inc., The Real IPM Company, Andermatt Biocontrol AG, Bioworks Inc., Bio Huma Netics Inc., Horizon Agrotech.

Innovative Products in the Bionematicides Market

• Plant-Parasitic Nematicides: Development of advanced nematicides to target and control plant-parasitic nematodes.
• Example Product: In September 2023, Corteva Inc. launched Reklemel Active, a new nematicide that protects crops from nematode damage without disrupting beneficial soil organisms.

Strategic Acquisitions

• CBC Europe and Ecospray: In July 2023, CBC Europe acquired a stake in Ecospray Ltd., enhancing its position in the biocontrol market and expanding its product offerings.

Market Segmentation

• By Type: Microbials, Biochemical
• By Form: Dry Bionematicides, Liquid Bionematicides
• By Crop: Cotton, Corn, Soybean, Fruits and Vegetables, Other Crops
• By Application: Foliar Spray, Soil Treatment, Seed Treatment, Other Applications

Regional Insights

• North America Dominance: North America was the largest region in the bionematicides market in 2023.
• Fastest-Growing Region: Asia-Pacific is expected to be the fastest-growing region during the forecast period.

The bionematicides market is poised for significant growth, driven by increased awareness of environmental impacts, advancements in microbial technology, and the rising demand for organic produce. The market’s expansion is further supported by the adoption of sustainable farming practices and the development of innovative products. As greenhouse farming and commercial agriculture continue to grow, the demand for bionematicides is expected to rise, ensuring the market’s robust growth in the coming years.

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The Bionematicides Global Market Report 2024  provides a comprehensive outlook of the bionematicides market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bionematicides market forecast offers a thorough analysis on bionematicides market size, bionematicides market share, prominent players and their strategies.

The Table Of Content For The Bionematicides Market Include:
1. Bionematicides Market Executive Summary
2. Bionematicides Market Segments
3. Bionematicides Market Size And Bionematicides Market Growth Rate
4. Key Bionematicides Market Trends
5. Major Bionematicides Market Drivers
……
25. Key Mergers And Acquisitions In The Bionematicides Market
26. Top Bionematicides Companies
27. Bionematicides Market Opportunities And Strategies
28. Bionematicides Market, Conclusions And Recommendations
29. Appendix

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